If the US defaults, Would Treasuries be Good Collateral??

MsMorrisine · July 20, 2011 11:38AM

Exclusive: Fed planning for potential default

Going to the Fed Window with Treasuries as Collateral....

would that change once the US Defaults? Would Treasuries still be good collateral?

derryb · July 20, 2011 11:43AM

Normally, IOUs from someone who can't pay their bills is not a good thing. But then again these are abnormal times.

Spooly · July 20, 2011 11:54AM

They will give you "new" treasuries for your "old" treasuries....... laughing all the way to the bank!

If the US defaults, Would Treasuries be Good Collateral??

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